Garrett Motion - GTX Stock Forecast, Price & News

Garrett Motion's stock was trading at $8.03 on January 1st, 2022. Since then, GTX shares have decreased by 13.7% and is now trading at $6.93.
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Garrett Motion is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Garrett Motion.

Garrett Motion Inc. (NYSE:GTX) posted its earnings results on Thursday, July, 29th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.56. The firm earned $935 million during the quarter, compared to analysts' expectations of $1.01 billion. Garrett Motion had a negative trailing twelve-month return on equity of 74.84% and a net margin of 10.52%.

Garrett Motion updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.50 billion-$3.70 billion, compared to the consensus revenue estimate of $3.70 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Garrett Motion investors own include Honeywell International (HON), CVS Health (CVS), Johnson & Johnson (JNJ), Resideo Technologies (REZI), Home Depot (HD), Procter & Gamble (PG), Verizon Communications (VZ), Cisco Systems (CSCO), Raytheon Technologies (RTX) and AT&T (T).

Garrett Motion trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTX."

Garrett Motion's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (2.00%), Thompson Siegel & Walmsley LLC (1.21%), CIBC Private Wealth Group LLC (0.90%), Baker Ellis Asset Management LLC (0.44%), SG Americas Securities LLC (0.10%) and Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.10%). Company insiders that own Garrett Motion stock include Daniel A Ninivaggi, Fabrice Spenninck, Olivier Rabiller, Philip Andrew Smith, Thierry Mabru and Value Master Fund Lp Attestor.
View institutional ownership trends for Garrett Motion.

Shares of GTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTX stock can currently be purchased for approximately $6.93.

Garrett Motion (NYSE:GTX) has a market capitalization of $449.06 million and generates $3.63 billion in revenue each year. The company earns $495 million in net income (profit) each year or $0.79 on an earnings per share basis.

Garrett Motion employs 8,700 workers across the globe.

Garrett Motion's mailing address is LA PIECE 16, ROLLE V8, 1180. The official website for Garrett Motion is www.garrettmotion.com. The company can be reached via phone at (121) 695-3000 or via email at investorrelations@garrettmotion.com.